| I am a huge pessimist about India. here's why. 1.) Everyone in the thread is ignoring a huge point raised by the author: this is the last biggest bubble we will ever witness in our lifetime (and possibly for many lifetimes) due to a.) unpeg of gold standard b.) shift from farm to factory work c.) shift from one income to two income household d.) machine/software advances and many other factors has produced the greatest economic growth we have ever seen in history. However, due to a.) unsustainable financial gambling b.) wealth growth only in top 1%, mostly through rentier effects c.) robots, automation and artificial intelligence resulting in jobs destruction d.) population slowdown, shift to older demographics the second dip in global economic depression is happening. and will induce so much deflation soon that 99% of the world population will be very very poor. for 3-4 generations. 2.) due to the lack of hygiene/lack of transportation/too many people/bad weather/trash everywhere/homeless everywhere/fecal matters on the streets/too many doctors prescribing antibiotics, resulting in super-resistant viruses, there will be a huge epidemic sooner or later that might wipe out millions of people, and nobody will be able to do anything about it because the crash in the economy. 3.) Growth in IT outsourcing is no more. Foreign investments are down big. There are better countries for companies to invest in that have better infrastructure and speaks better english. |
No and I thing you've got it wrong.
We are soon hitting a stage where we don't have to depend of foreign investments. Its happening, software is but just one aspect of foreign investments. There is real estate, retail sectors, education, manufacturing, automobile etc. That list can go endless.
Nearly every global company today understands if they don't come to India now, the local companies are going to eat their lunch big time and leaving all doors of making a entry later permanently shut.
Every time I see somebody good leave India I feel bad for them. They have no clue what they will miss over the next decades. With hardly any competition in a country where demands are rising so rapidly, almost anything you make people want will sell. Even if you make it badly.
Consider this with settling down in US, something like next half of your life will simply go in 'getting somewhere'. You will simply going there for your kids. And consider yourself lucky if they value your sacrifices and do something big out of it. Else there will be a situation where post 30 years your kids might want to come to India to settle there kids.